"Financial Decisions in Emerging Markets
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Due to the accelerated global integration that the world has witnessed in recent years, international trade has grown exponentially. As recipients of direct investments from developed nations, emerging countries have benefited enormously from this process. Every sound investment decision demands the application of modern financial theory. However, the theories that are advanced are most often set in the context of developed countries, and do not capture the intricacies of operating in the developing world. Despite the importance of investment flows to developing countries today, it is surprising that so little has been done to adapt financial principles to the special realities of these countries. This book has been written with the objective of filling this void. Financial Decisions in Emerging Markets is the first corporate finance book to take into account the context of emerging markets and the problems they present, including the relative lack of market efficiency. Reviewing
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